English oversea trade was carried on with the whole of Europe, with Asia Minor, and with the North of Africa. Canyng, a merchant prince of Bristol, employed a hundred shipwrights and eight hundred seamen. He sent his ships to Iceland, the Baltic, and all through the Mediterranean. But the London merchants were more important still; and the king was the most important man of all. He had his watchful eye on the fishing fleet of Iceland, which was then as important as the fleet of Newfoundland became later on. He watched the Baltic trade in timber and the Flanders trade in wool. He watched the Hansa Towns of northern Germany, then second only to Venice itself as the greatest trading centre of the world. And he had his English consuls in Italy as early as 1485, the first year of his reign. One day Columbus sent his brother to see if the king would help him to find the New World. But Henry VII was a man who looked long and cautiously before he leaped; and even then he only leaped when he saw where he would land. So Columbus went to Ferdinand and Isabella of Spain, who sent him out to discover America in 1492, the same year that they conquered the last Eastern possession in Western Europe, the Moorish Kingdom of Grenada, which thenceforth became a province of Spain. Five years later Henry sent John Cabot out from Bristol in the little _Matthew_ with only eighteen men "to sayle to all Partes, Countreys, and Seas, of the East, of the West, and of the North; to seeke out, discover, and finde, whatsoever Iles, Countreyes, Regions, or Provinces, of the Heathennes and Infidelles" and "to set up Our banners and Ensigns in every village, towne, castel, yle, or maine lande, of them newly found." Cabot discovered Canada by reaching Cape Breton in 1497, three years before Columbus himself saw any part of the mainland. But as he found nobody there, not even "Heathenries and Infidelles," much less "villages, castels, and townes," as he lost money by his venture and could not pay the king the promised "royalty" of twenty per cent., we need not laugh too loudly over what the king gave him: "To Hym that founde the new Isle--10 pounds," which was worth more than a thousand dollars would be now. Cabot went again and his son Sebastian after him; but there was no money to be made in this venture. True, Sebastian said the fish off Newfoundland were so thick that he could hardly force his vessels through the water. But fish stories and travellers' tales were as hard to believe then as now; and the English thought America was worth very little after all. Indeed, the general opinion in Europe was that America was more of a nuisance than anything else, because it seemed to block the way to the Golden East. Once people were persuaded that the world was round they wanted to find a short cut to Cathay, the land of fabled wealth in silks and spices, gold and jewels; and they expected to find it by sailing due West till they reached the Far East.